Overview of Navjeevan
Navjeevan, founded in 2017 and based in India, operates as an unregulated brokerage firm, offering a range of trading services.
The company provides opportunities to trade in forex and commodities on major Indian exchanges like NSE, BSE, MCX, and NCDEX. Navjeevan offers flexible pricing plans, including a “Trade As You Go” plan and an “Offline Brokerage” plan, meeting different trading preferences.
Their trading platform is accessible on both desktop and mobile devices, ensuring convenient trading on the go. A demo account is also available for new traders to practice and familiarize themselves with the platform.
Customer support is readily accessible through multiple phone lines and an email address, enhancing user support and engagement.
Regulatory Status
Navjeevan operates as an unregulated brokerage firm in India. This status means that it does not fall under the direct supervision of any of the primary financial regulatory authorities that govern trading practices and financial activities within the country.
While this may provide the company with some operational flexibilities, it also places a significant responsibility on them to maintain ethical standards and client trust through internal policies and practices.
Pros and Cons
Pros of Navjeevan Equity Broking Pvt. Ltd.:
Multiple Trading Platforms: Navjeevan provides trading access through various platforms including desktop, mobile, and web, meeting the convenience and different preferences of traders.
Wide Range of Markets: Traders have the opportunity to trade across multiple Indian exchanges such as NSE, BSE, MCX, and NCDEX, offering a broad spectrum of financial instruments like forex and commodities.
Advanced Trading Tools: The firm offers advanced charting capabilities, ladder trading, and market data scanners which are crucial for informed trading decisions and strategy implementation.
Investor Education and Compliance: Navjeevan takes measures to educate investors about market risks and compliance, including detailed risk disclosures and investor protection guidelines, promoting informed investment decisions.
Robust Support and Grievance Handling: Dedicated customer support through multiple channels and a structured grievance handling process ensure that client issues are addressed promptly and efficiently.
Cons of Navjeevan Equity Broking Pvt. Ltd.:
Unregulated Status: Operating as an unregulated broker will pose risks to clients due to less oversight on operations and client fund management.
Complexity for New Traders: The availability of advanced trading tools and multiple trading platforms, while beneficial to experienced traders, will overwhelm new traders without adequate guidance.
Proprietary Trading: Navjeevan conducts proprietary trading which could potentially lead to conflicts of interest if not managed transparently and with stringent internal controls.
Precautions Required: The firm frequently advises precautions about sharing trading credentials and dealing with unsolicited tips, indicating potential security risks in digital trading environments.
Market Risk Acknowledgment: The company's explicit acknowledgment of market risks and the advisement to read all related documents carefully before investing highlight the inherent uncertainties involved in trading, which will deter more risk-averse individuals.
Products & Services
Navjeevan Equity Broking Pvt. Ltd. offers trading in a variety of market instruments across several major Indian exchanges. Here are the key financial instruments available for trading through Navjeevan:
Forex (Currency Pairs): Clients can trade in various currency pairs, allowing them to speculate on the movements between different currencies in the forex market.
Commodities: Trading is available on multiple commodities exchanges such as the Multi Commodity Exchange of India (MCX) and the National Commodity & Derivatives Exchange (NCDEX). This enables clients to trade in a diverse range of commodities including metals, energy, and agricultural products.
Refer & Earn:Navjeevan also offers an appealing “Refer & Earn” program that benefits its clients financially. Under this scheme, clients receive a 15% commission on the brokerage paid by their referrals, with no limit on the number of traders they can refer.
How to Open an Account？
Opening an account with Navjeevan Equity Broking Pvt. Ltd. involves a straightforward process that can be completed in a few steps. Heres how you can get started:
Visit the Official Website: Navigate to Navjeevans official website and look for the account opening section. This section is usually marked with options like “Open Account,” “Sign Up Now,” or “Get Started.”
Fill in Your Details: Click on the account opening link and start the process by filling in your personal details such as name, address, email, and phone number. Youll also be required to provide your financial information and trading preferences.
Complete KYC (Know Your Customer) Process: As part of regulatory requirements, you will need to complete the KYC process. This includes submitting copies of your identity proof (like PAN card), address proof (such as utility bills or bank statements), and a photograph. You may need to complete this step online by uploading the documents or in some cases, by sending physical copies.
Verification and Activation: Once your application and documents are submitted, Navjeevan will verify the details. After successful verification, your account will be activated, and you will receive a confirmation email along with details on how to access your trading account.
Price Plan
Navjeevan Equity Broking Pvt. Ltd. offers two distinct pricing plans designed to meet different trading preferences and needs. Here are the details of each plan:
The Trade As You Go Plan offered by Navjeevan Equity Broking Pvt. Ltd. charges a flat rate of ₹15 per executed order. This pricing model is particularly suitable for traders who prefer a straightforward, pay-per-use approach without recurring charges.
It applies uniformly across all trading segments and exchanges, making it an excellent choice for occasional traders or those who like to keep their trading costs predictable and under control.
The Offline Brokerage Plan features a more traditional brokerage structure with variable rates: 0.03% for intraday trades and 0.3% for delivery trades, along with a charge of ₹15 per lot for equity options.
This plan is negotiable, which can be advantageous for high-volume traders looking to reduce costs through negotiations. It includes personalized services and the ability to trade through a dealer, offering a more tailored trading experience with direct access to trading terminals.
Trading Platform
Navjeevan Equity Broking Pvt. Ltd. offers a versatile and accessible trading platform that attract various types of traders by providing options to trade anytime, from anywhere. The trading platform is available on multiple devices, ensuring convenience and flexibility:
Desktop Terminal: This powerful trading terminal allows traders to access comprehensive trading tools and functionalities. It is suitable for traders who prefer a robust, feature-rich environment for detailed market analysis and trading.
Mobile App: For traders on the go, the mobile app provides a convenient and efficient way to manage trades, monitor markets, and execute transactions directly from their smartphones. This app ensures that trading opportunities are never missed, even when away from the desk.
Web Trading Terminal: Similar to the desktop terminal in functionality, the web trading terminal allows traders to access their accounts and trade directly through a web browser without the need to install any software. It offers flexibility and accessibility, ideal for traders who prefer a less permanent setup or need to trade from multiple locations.
Customer Support
Navjeevan Equity Broking Pvt. Ltd. offers comprehensive customer support to assist clients with their queries and needs. Here are the details of their customer support options:
Telephone Support: Clients can reach out to Navjeevan's customer service team by calling +91-141-3522700 / 01 / 02 / 03. This provides a direct and immediate way to communicate with their support team for assistance.
WhatsApp Communication: For those who prefer messaging, Navjeevan provides support via WhatsApp at +91-93510-50655. This allows for convenient and quick text-based communication, suitable for straightforward queries and updates.
Email Support: Clients and prospective customers can email any concerns or requests to customercare@navjeevanbroking.com. This channel is useful for detailed inquiries that may require attachments or are not urgent.
Conclusion
Navjeevan Equity Broking Pvt. Ltd. is a comprehensive brokerage firm based in Jaipur, Rajasthan, offering a range of trading platforms that meet various trading preferences.
With robust customer support and a variety of contact methods, Navjeevan ensures that traders can execute trades and manage their portfolios efficiently from anywhere using desktop, mobile, or web platforms.
The firm supports trading across major Indian exchanges, providing flexible pricing plans and advanced trading tools to suit diverse trading strategies.
FAQs
Question: What trading platforms does Navjeevan offer？
Answer: Navjeevan provides three main trading platforms: a Desktop Terminal for detailed market analysis and trading, a Mobile App for trading on the go, and a Web Trading Terminal that can be accessed through any web browser without needing software installation.
Question: How can I contact Navjeevan for support？
Answer: You can contact Navjeevan through several channels: by phone at +91-141-3522700 / 01 / 02 / 03, via WhatsApp at +91-93510-50655, or by email at customercare@navjeevanbroking.com.
Question: What are the pricing plans available at Navjeevan？
Answer: Navjeevan offers two pricing plans: the “Trade As You Go Plan” at ₹15 per executed order, and the “Offline Brokerage Plan” with variable rates for intraday and delivery, as well as for equity options.
Question: How can I open an account with Navjeevan？
Answer: To open an account with Navjeevan, visit their website, fill in your details in the registration form, complete the KYC process by submitting the necessary documents, and wait for account verification and activation.
Question: What are the additional charges apart from trading fees at Navjeevan？
Answer: Additional charges at Navjeevan include securities/commodities transaction tax, stamp charges, transaction charges, GST on services, DP charges, account maintenance charges, corporate action order charges, off-market transaction fees, and charges for cheque bounce and late payments.
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